Confession time — I couldn’t find a darn thing “fun” relating to gold this week.
Honestly, it wasn’t exactly a fun week to begin with unless you’re into political theater. In case you haven’t figured it out yet, I’m not. We certainly had all the political theater we could ever want with the inauguration and all. About the only thing I can say about that is it reminded me of the Hunger Games movies, especially Lady Gaga singing the national anthem decked out with that massive gold dove broach.
Joe Biden took the country’s wheel on Wednesday. For some, it was a day of celebration. And for some, it was a day of mourning, depending on your political perspective. But what is really in store for us in the Biden years? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey considers the economic path that lies ahead. He argues that while the driver has changed, the car is still heading in the same direction with Biden’s foot on the accelerator.
I would make the world’s worst archeologist. I’m just not good at finding things. I’m the guy who stares into the cabinet right at the salt shaker and then asks his wife, “Where’s the salt.” So, yeah, a job that involved searching for stuff that has been hidden for hundreds or even thousands of years is not for me. But I have to admit, it would be a pretty cool job. I mean, imagine finding thousands of coins.
The US government ran the biggest December deficit in history last month and there is no end in sight to the borrowing and spending. President Biden unveiled a new $1.9 trillion stimulus plan this week. So what? Why does it matter? Can’t this “rescue the economy?” Host Mike Maharrey talks about all of the spending and the money printing necessary to support it on this week’s Friday Gold Wrap podcast.
A report by the Silver Institute projects that the automotive industry will absorb nearly 90 million ounces of silver annually by 2025. That would rival demand for silver in the photovoltaic industry and potentially make it the largest industrial application for silver.
Everybody was happy to get 2020 behind them. We figured it can’t get any crazier. Then 2021 showed up and said, “Hold my beer!” During the first full week of 2021, we had surprise election results and protests that went sideways in Washington D.C. That produced strange reactions on Wall Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about a wild week one of the new year and ponders what might be coming down the pike.
Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supply, record federal budget deficits, and quantitative easing set to infinity.
Sales of US gold and silver bullion coins at the US Mint hit a 4-year high in 2020.
It’s time to bid a fond farewell to 2020. Good riddance and don’t let the door hit you in the butt on the way out!
Of course, the New Year also means it’s time for — resolutions.
Confession: I’ve never been good at resolutions. In fact, I refuse to make them. Why set yourself up for failure? But get this; now I’m not only supposed to make resolutions for myself. I have to make them for my pets!
Ummm – no.
The year 2020 is coming to a merciful end. As it was with pretty much everything, it was a nutty year for the economy and the precious metals markets. We all hope 2021 will be better, but it seems unlikely that it will be any less nutty. In this special Thursday episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a look back at 2020 and speculates on what could lie ahead in 2021.